Most of the coins are in the green zone today, according to CoinMarketCap.

SOL/USD

Solana (SOL) is one of the biggest gainers today, going up by 8.83%.

On the hourly chart, the price of SOL might have set a local resistance level at $106.40. At the moment, one should pay attention to the daliy candle closure.

If it happens near that mark, one can expect a breakout, followed by a move to the $107-$108 zone.

From the bigger time frame, the situation is less bullish. The rate is trading far from the main levels, which means that neither bulls nor bears have seized the initiative yet. In this case, sideways trading in the area of $100-$110 is the more likely scenario until the end of the week.

The price of SOL is rising after the last bar closure. If the current candle closes with no long wick, the upward move may lead to the test of the $120 zone next week.

SOL is trading at $104.74 at press time.

Read the full article here

Share.

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision